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Manila Bulletin devider Philippines devider Scammer yields P15-M cash in Zamboanga City

Scammer yields P15-M cash in Zamboanga City

Published Nov 28, 2022 05:49 pm

ZAMBOANGA CITY – The National Bureau of Investigation and Securities and Exchange Commission seized nearly P15 million in cash from the house of a suspected scammer whose office and residence here were raided over the weekend.

NBI agents seized nearly P15 million in cash from the house of a suspected investment scammer in Zamboanga City. (Emedia photo)

However, they failed to apprehend Ryan Cagod Ladoing who was accused of conning residents, businessmen, and police in an investment scam.

Atty. Moises Tamayo, NBI-9 (Zamboanga Peninsula) director, said Ladoing was not in any of the places raided but authorities were able to hold 10 suspected accomplices.

Authorities first raided last Saturday a wholesale and retail establishment in Barangay Manicahan reportedly owned by the suspect and seized vouchers, receipts, and other documents.

They proceeded the following day Sunday to the suspect’s rented residence in Barangay Guiwan where they found nearly P15 million in cash inside two vaults.

Ladoing’s cohorts were invited to the NBI office for questioning

Investigation is ongoing.

Related Tags

scammer investment NBI zamboanga city
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